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The collapse of Al-Ezz International Group and Dr. Moataz Ezz El-Din’s comment on it (the expected result of incorrect management decisions)

The collapse of Al-Ezz International Group and Dr. Moataz Ezz El-Din’s comment on it (the expected result of incorrect management decisions).

Al-Ezz International Group, founded and chaired by Dr. Moataz Ezz El-Din, experienced a sudden collapse in its operations across its branches under various names, including Al-Tala’a International Contracting Company, Divine Horizon, and Monopoly Real Estate in the UAE, Oman, and Turkey. This event raised concerns among investors and industry professionals.

https://youtu.be/q4miC4yTjSQ?si=96CRLAQIEsMz2KDJ

Al-Ezz International Group was founded several years ago and quickly became a leading company in various fields, including contracting, major projects, real estate, and property development. Dr. Moataz Ezz El-Din is a prominent figure in this field globally. He is also known as the “real estate fox” for his boldness in seizing buying and selling opportunities, his knowledge of the right timing, the trust he enjoys from major investors, and his management style, which has earned him a solid reputation.

https://youtu.be/eYclK9idq7s?si=PWz-2wO8bxSryX8E

 However, recent economic challenges, including a heated dispute between the company’s founder, Dr. Moataz Ezz El-Din, and some influential political decision-makers, as well as multi-million dollar lawsuits in a London court, have so far yielded results in Dr. Moataz Ezz El-Din’s favor. A settlement of £20,000,000 has already been offered and is expected to be agreed upon by the London Court of Arbitration in the near future. It is worth noting that the amounts withheld are several times greater than the aforementioned amount. However, Dr. Moataz Ezz El-Din may be forced to accept the settlement as a quick solution to the deteriorating situation that has harmed the group’s performance and led to the painful decision to freeze assets and funds deposited in banks.

Dr. Moataz Ezz El-Din emphasized in a statement that this decision issued by the London court judge, which stipulates the suspension of monthly court payments to cover living expenses, was difficult, but comes as a result of increasing financial pressures and unprecedented challenges. He expressed his deep gratitude to investors, confirming that the management will meet all financial obligations in the coming period, following the final court ruling in mid-February.

 Economists warn of the repercussions of this collapse on the sector as a whole. The collapse of a group the size of Al Ezz International Group is an indicator of the risks companies face in an unstable economic environment.

Relevant authorities are expected to take measures to support market recovery and provide support to workers affected by this event.

This story will continue to develop in the coming days as we monitor the impact of this collapse on the regional economy and the results of investigations into its causes.

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